CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Sells $3,900,100.00 in Stock

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the transaction, the director now owns 18,297 shares in the company, valued at approximately $7,136,012.97. The sale was disclosed in a document filed with the SEC, which is available through this link.

CrowdStrike Stock Down 1.1 %

Shares of CrowdStrike stock traded down $4.10 during trading hours on Friday, hitting $383.19. The company had a trading volume of 8,478,944 shares, compared to its average volume of 4,191,244. The company’s 50-day moving average is $337.67 and its two-hundred day moving average is $312.01. CrowdStrike Holdings, Inc. has a twelve month low of $139.37 and a twelve month high of $394.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The company has a market cap of $93.25 billion, a P/E ratio of 737.47, a price-to-earnings-growth ratio of 19.04 and a beta of 1.08.

Analysts Set New Price Targets

A number of research analysts have weighed in on CRWD shares. Mizuho decreased their price objective on CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Canaccord Genuity Group raised their price objective on CrowdStrike from $400.00 to $405.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Macquarie restated an “outperform” rating and issued a $370.00 price objective on shares of CrowdStrike in a report on Tuesday, March 19th. Wedbush decreased their price objective on CrowdStrike from $390.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, June 5th. Finally, JPMorgan Chase & Co. raised their price objective on CrowdStrike from $371.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th. One investment analyst has rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike presently has an average rating of “Buy” and an average price target of $380.62.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Saturna Capital Corp boosted its holdings in shares of CrowdStrike by 2.7% in the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after buying an additional 33 shares in the last quarter. Shepherd Financial Partners LLC boosted its stake in CrowdStrike by 1.4% during the 4th quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock worth $645,000 after purchasing an additional 36 shares during the period. Cigna Investments Inc. New boosted its stake in CrowdStrike by 1.7% during the 4th quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock worth $592,000 after purchasing an additional 38 shares during the period. Venturi Wealth Management LLC boosted its stake in CrowdStrike by 2.2% during the 1st quarter. Venturi Wealth Management LLC now owns 1,814 shares of the company’s stock worth $582,000 after purchasing an additional 39 shares during the period. Finally, Albion Financial Group UT boosted its stake in CrowdStrike by 3.7% during the 1st quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock worth $351,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

About CrowdStrike

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.